Posts Tagged ‘ consolidation ’

Consolidation is not an unfamiliar word for new-age Internet businesses. It signals a maturing of the industry after a burst of innovation backed by venture capital money. If the roughly decade-old history of Indian Internet industry is scanned, the real take-off with consumer adoption started only ...

Two weeks ago, Taiwanese chip designer MediaTek invested $60 million in One97 Communications, which runs Paytm, a mobile wallet platform and an online shopping site. In itself, the transaction is not unusual – Paytm is raising funds for growth and MediaTek is known for backing innovative firms. Wh...

Online food ordering platform TinyOwl is likely to merge with hyperlocal on-demand logistics startup Roadrunnr in an all-stock deal, in a sign that consolidation is picking up in the consumer internet space at a time when access to fresh funding has become increasingly difficult for startups that fa...